Mark's Manufacturing's Average Age of Accounts Receivable Is 45 Days

question 29

Multiple Choice

Mark's Manufacturing's average age of accounts receivable is 45 days, the average age of accounts payable is 40 days, and the average age of inventory is 69 days.Assuming a 365-day year, what is the length of its cash conversion cycle?

• A) 63 days
• B) 67 days
• C) 70 days
• D) 74 days
• E) 78 days

Recognize the impact of collusive strategies on market pricing and competition.

Understand tit-for-tat strategies and their implications for market behavior.

Identify the role of antitrust laws in preventing monopolies and maintaining competition.

Assess the consequences of advertising decisions in oligopolistic markets.

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Definitions:

Advantages And Disadvantages

The positive and negative aspects or outcomes associated with a particular choice, decision, policy, or action, which are considered in decision-making processes.

Demographic Needs Analysis

A study aimed at understanding the specific characteristics and requirements of a population or target group within an organization or market.

Growth Experiences

Opportunities or situations that enable individuals or organizations to expand their capabilities, knowledge, and expertise.

Skill Development

The process of identifying, learning, and refining a set of abilities or competencies to enhance one's performance and capabilities.